Bitcoin is currently fluctuating above 87000, having fallen more than a thousand points from the 24-hour high of 88700. After surging to a high of 90500, it has been on a downward trend, with bulls clearly lacking momentum, and selling pressure gradually accumulating. The short-term upward momentum has shown signs of fatigue.
From a technical perspective, the 4-hour chart has formed an M-top structure after a high and a drop, with bearish signals being quite clear. The first support below is near the 24-hour low of 86500; once it breaks, it is likely to continue testing the previous low near 84400.
In terms of operational strategy:
Bitcoin can consider a short position near 88100—88700, targeting first around 87000, and further looking down to the support area around 85500.
Ethereum bounced back to 2990, 3020 short, targeting 2900#比特币流动性 $ETH $BTC
From a technical perspective, the 4-hour chart has formed an M-top structure after a high and a drop, with bearish signals being quite clear. The first support below is near the 24-hour low of 86500; once it breaks, it is likely to continue testing the previous low near 84400.
In terms of operational strategy:
Bitcoin can consider a short position near 88100—88700, targeting first around 87000, and further looking down to the support area around 85500.
Ethereum bounced back to 2990, 3020 short, targeting 2900#比特币流动性 $ETH $BTC
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